Boston eFX 19:56 GMT January 24, 2012
Subject: Caxton FX Managing Director Sees Euro ar 1.25 (video)
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James Hickman, managing director at Caxton FX, discusses the outlook for the euro, the region's bond yields and the possibility of European Central Bank interest rates being cut to zero.
Caxton FX Managing Director Sees Euro ar 1.25 (video)
Boston eFX 17:16 GMT January 24, 2012
Subject: Euro May Fall to $1.20, Barclays Capital Says (video)
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Gavin Stacey, chief interest-rate strategist at Barclays Capital in Sydney, talks about Europe's sovereign debt crisis and its implications for the region's common currency.
Euro May Fall to $1.20, Barclays Capital Says (video)
Boston eFX 02:51 GMT January 24, 2012
Subject: EUR/USD Daily Asia Outlook 01/24
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(Dow Jones via eFXnews) EUR/USD - to consolidate with bullish bias after hitting near-3-week high of 1.3053 yesterday. Supported by hopes for potential resolution in Greece as country negotiates a debt-restructuring agreement with its private creditors; news that Germany is ready to boost combined firepower of euro-zone EFSF and ESM rescue funds to EUR750 billion in exchange for strict budget rules in new fiscal compact for all euro-zone members; surprise rise in euro-zone consumer confidence indicator to minus 20.6 this month from minus 21.3 in December (vs forecast for drop to minus 21.5); robust French sales of EUR8.202 billion in 13-, 24-, and 50-week Treasury bills with yields close to where they were in previous auctions despite recent loss of its triple-A rating by S&P; sovereign demand for euro. But EUR/USD gains tempered by Spanish central bank saying yesterday Spain's economy will likely contract around 1.5% this year, making it even harder for the country to reach ambitious targets in cutting its budget deficit; worries over wider European economic slowdown; concerns about fiscal health of Portugal as 10-year Portuguese yield stays elevated above 14%.
Data focus: 0830 GMT German January flash PMI, 0900 GMT euro-zone January flash PMI, 1000 GMT euro-zone November new industrial orders.
EUR/USD daily chart.......
EUR/USD Daily Asia Outlook 01/24 (full story)
Boston eFX 02:50 GMT January 24, 2012
Subject: GBP/USD Daily Asia Outlook 01/24
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(Dow Jones via eFXnews) GBP/USD - to consolidate with bullish bias after hitting 2-week high of 1.5602 yesterday as worries over euro-zone sovereign debt crisis subsided. But GBP/USD topside limited by expectations for more quantitative easing by the Bank of England in February; GBP sales on rebounding EUR/GBP cross.
Data focus: 0930 GMT UK December public sector finances, 2000 GMT BOE Gov. King speaks.
Daily chart ....
GBP/USD Daily Asia Outlook 01/24 (full story)
Boston eFX 02:50 GMT January 24, 2012
Subject: USD/CAD Daily Asia Outlook 01/24
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(Dow Jones via eFXnews) USD/CAD - to consolidate with bearish bias after hitting near-3-month low of 1.0048 yesterday. Undermined by buoyant commodity & oil prices (Nymex crude settled up $1.25 yesterday at $99.58/bbl after EU agreed to slap an embargo on oil imports from Iran from July 1); reduced worries over euro-zone sovereign debt crisis; stronger-than-expected 0.8% rise in Canada December composite index of leading indicators (vs +0.6% forecast).
Data focus: 1330 GMT Canada November retail sales.
USD/CAD daily chart ...
USD/CAD Daily Asia Outlook 01/24 (full story)
Boston eFX 02:50 GMT January 24, 2012
Subject: USD/CHF Daily Asia Outlook 01/24
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(Dow Jones via eFXnews) USD/CHF - to consolidate with bearish bias after hitting near-5-week low of 0.9247 yesterday. Undermined by broadly reduced demand for safe-haven USD as euro-zone sovereign debt worries recede (ICS spot dollar index last 79.76 vs 80.36 early Monday). But USD/CHF losses tempered by expectations of Swiss National Bank's CHF-selling intervention.
Daily chart.....
USD/CHF Daily Asia Outlook 01/24 (full story)
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